Two Sigma Securities LLC Acquires New Position in Somnigroup International Inc. $SGI

Key Points

• Institutional ownership remains exceptionally high: Two Sigma Securities acquired 17,594 Somnigroup shares worth approximately $1.38 million, while several major investors—including BlackRock and Linonia Partnership—also established large positions. Institutions and hedge funds now own 99.86% of the company.
• CEO Scott L. Thompson bought shares: Thompson purchased 30,000 shares at an average price of $62.84, increasing his direct ownership to more than 4.1 million shares. Corporate insiders collectively own 3.99% of SGI.
• Analysts remain broadly optimistic despite lower targets: SGI has a “Moderate Buy” consensus rating and an average price target of $94.50, although several firms recently reduced their targets. The company met quarterly EPS expectations at $0.58, reported $1.82 billion in revenue, and declared a quarterly dividend of $0.17 per share.

Two Sigma Securities LLC acquired a new stake in Somnigroup International Inc. (NYSE:SGI - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 17,594 shares of the company's stock, valued at approximately $1,379,000.

A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Somnigroup International during the 2nd quarter valued at $1,507,604,000. Linonia Partnership LP bought a new stake in Somnigroup International in the second quarter valued at about $519,372,000. Artisan Partners Limited Partnership bought a new stake in Somnigroup International in the fourth quarter valued at about $274,323,000. Norges Bank acquired a new position in Somnigroup International in the fourth quarter valued at about $270,814,000. Finally, Bank of America Corp DE bought a new position in Somnigroup International during the second quarter worth about $204,632,000. Institutional investors and hedge funds own 99.86% of the company's stock.

Insider Activity at Somnigroup International

In related news, CEO Scott L. Thompson acquired 30,000 shares of the firm's stock in a transaction dated Thursday, August 27th. The stock was bought at an average price of $62.84 per share, for a total transaction of $1,885,200.00. Following the acquisition, the chief executive officer directly owned 4,123,634 shares of the company's stock, valued at approximately $259,129,160.56. The trade was a 0.73% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.99% of the stock is currently owned by corporate insiders.

Somnigroup International Price Performance

Shares of SGI opened at $64.79 on Tuesday. The stock has a 50 day simple moving average of $70.11 and a 200 day simple moving average of $74.24. Somnigroup International Inc. has a 52-week low of $60.39 and a 52-week high of $98.56. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.37 and a current ratio of 0.75. The firm has a market capitalization of $13.63 billion, a PE ratio of 25.92, a P/E/G ratio of 1.45 and a beta of 1.20.

Somnigroup International (NYSE:SGI - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. The firm had revenue of $1.82 billion during the quarter. Somnigroup International had a net margin of 7.00% and a return on equity of 19.32%. Somnigroup International's revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. Somnigroup International has set its FY 2026 guidance at 2.850-3.150 EPS. Sell-side analysts predict that Somnigroup International Inc. will post 3.02 EPS for the current fiscal year.

Somnigroup International Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Thursday, August 20th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $0.68 annualized dividend and a yield of 1.0%. Somnigroup International's payout ratio is 27.20%.

Analyst Ratings Changes

A number of brokerages have recently commented on SGI. Truist Financial lowered their price target on Somnigroup International from $115.00 to $100.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Weiss Ratings reissued a "hold (c+)" rating on shares of Somnigroup International in a research note on Friday, August 21st. UBS Group decreased their price objective on shares of Somnigroup International from $105.00 to $94.00 and set a "buy" rating for the company in a report on Friday, August 7th. Piper Sandler reiterated an "overweight" rating and issued a $95.00 target price (down from $102.00) on shares of Somnigroup International in a report on Friday, August 7th. Finally, Morgan Stanley initiated coverage on shares of Somnigroup International in a report on Monday, July 27th. They issued an "overweight" rating and a $95.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Somnigroup International has an average rating of "Moderate Buy" and an average price target of $94.50.

About Somnigroup International

Somnigroup International Inc, together with its subsidiaries, designs, manufactures, distributes, and retails bedding products in the United States and internationally. It provides mattresses, foundations and adjustable foundations, and adjustable bases, as well as other products comprising pillows, mattress covers, sheets, cushions, and various other accessories and comfort products under the Tempur-Pedic, Sealy, Stearns & Foster, Sealy, and Cocoon by Sealy brand names. The company sells its products through approximately company-owned stores, online, and call centers; and third party retailers, including third party distribution, hospitality, and healthcare.

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